Economics

What determines the research and development costs for innovative new prescription drugs?

Please try to link a little bit to the full question “What determines the research and development costs for innovative new prescription drugs?
Explain how the demand for prescription drugs differs from other products and the economic, legal and ethical factors that may restrict the availability of a new prescription drug.” , but STRONGLY focus on “What determines the research and development costs for innovative new prescription drugs?”.
There is a law part as well the economical is the main one. It is a part of the report, if you could come up with a sub-headings that would be great.
As you have to mention: 1-High costs > R&D costs, Patent 2-Fixed costs> Unique – why? and Research > Regulation 3-Variable> supernormal profits.
Please make sure of the Harvard referencing and the academic sources.

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